Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) Short Interest Down 50.7% in January

Global X FTSE Southeast Asia ETF (NYSEARCA:ASEA) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 39,473 shares, a decrease of 50.7% from the December 31st total of 80,077 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 56,831 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 56,831 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.9% of the shares of the stock are sold short.

Global X FTSE Southeast Asia ETF Price Performance

ASEA stock opened at $19.53 on Thursday. The stock has a market capitalization of $88.86 million, a price-to-earnings ratio of 12.26 and a beta of 0.58. The business has a fifty day moving average price of $18.60 and a 200 day moving average price of $17.76. Global X FTSE Southeast Asia ETF has a fifty-two week low of $13.68 and a fifty-two week high of $19.84.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASEA. TD Waterhouse Canada Inc. acquired a new position in shares of Global X FTSE Southeast Asia ETF during the fourth quarter worth about $80,000. Bank of America Corp DE raised its holdings in shares of Global X FTSE Southeast Asia ETF by 90.6% in the second quarter. Bank of America Corp DE now owns 7,463 shares of the company’s stock valued at $122,000 after purchasing an additional 3,548 shares during the last quarter. Jane Street Group LLC grew its position in Global X FTSE Southeast Asia ETF by 17.4% in the second quarter. Jane Street Group LLC now owns 54,716 shares of the company’s stock valued at $892,000 after purchasing an additional 8,096 shares in the last quarter. Algorithmic Investment Models LLC increased its stake in Global X FTSE Southeast Asia ETF by 5.0% in the 3rd quarter. Algorithmic Investment Models LLC now owns 62,762 shares of the company’s stock valued at $1,073,000 after buying an additional 2,961 shares during the last quarter. Finally, Barry Investment Advisors LLC increased its stake in Global X FTSE Southeast Asia ETF by 0.7% in the 3rd quarter. Barry Investment Advisors LLC now owns 100,298 shares of the company’s stock valued at $1,714,000 after buying an additional 719 shares during the last quarter.

About Global X FTSE Southeast Asia ETF

The Global X FTSE Southeast Asia ETF (ASEA) is an exchange-traded fund that is based on the FTSE\u002FASEAN 40 INDEX index. The fund tracks a market-cap weighted and -selected index of the 40 largest and most liquid stocks from Singapore, Malaysia, Indonesia, Thailand and the Philippines. ASEA was launched on Feb 17, 2011 and is managed by Global X.